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Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
Do mega-projects need
mega-governance?
Val Jonas, CEO Risk Decisions Group
Risk Capability for the new Victorian Age
APM Risk Sig Conference, 25th Jan 2018
3 May 2017
Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
Agenda
• What does good governance look like?
• Is it different for mega-projects?
• What skills are required for
governance?
• What is the optimal level of
involvement?
• How to encourage informed risk taking?
Copyright © 2018 Risk Decisions. All rights reserved | www.riskdecisions.com
What does good governance look like?
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Project Governance
Project
Leadership (Sponsor)
Context
Risk Management
Responsibility
Stakeholders
Perspectives
Communication
Business
Business case
Strategic alignment
Decision taking (Gate Reviews)
Oversight
Performance
Regulatory compliance
Controls
Accountability
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Project Governance
• Focuses on outcomes
• Steers the project through change
• Involves lots of communication
It’s common sense
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Is it different for mega-projects?
Skip
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Mega Project Governance
Oversight
Performance x N2
Regulatory compliance
Controls
Accountability
Business
Business case x N
Strategic alignment x N2
Decision taking (Gate Reviews) X N2
Stakeholders
Perspectives x N
Communication x N3
Project
Leadership (Sponsor)
Context x N
Risk Management x N2
Responsibility x N
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Mega Project Governance
• Focus on outcomes
• Steer the project through change
• Involves lots AND LOTS of communication
(It’s still common sense)
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What skills are required for governance?
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Governance skills
• Far sighted
– Future scenarios
• Good listener and communicator
– Diplomacy
• Leadership
– Ask the right questions
– Not command and control
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What is the optimal level of involvement?
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Involvement
• Useful
• Organised
• Consistent
• Supportive
• Objective
• Forward looking
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How to support informed risk taking?
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Look to the future
• A positive attitude to risk
– Lead by example
– A problem shared is a problem halved
– Openess, honesty, transparency
• Keep risk management simple
– Focus on outcomes
– Stay informed, be proactive
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Do mega-projects need
mega-governance?
Well, yes…
but isn’t that a long-winded way of saying they
just need someone to make sure they’re doing
good, plain, honest
RISK MANAGEMENT
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http://www.linkedin.com/in/valjonas
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